Oracle Corporation has agreed to acquire MetaSolv Inc. through a cash merger for $4.10 per share, or approximately $219.2 million. The agreement is subject to stockholder and regulatory approval and is expected to close in late 2006 or early 2007. MetaSolv will hold a conference call to discuss later today.

MetaSolv offers communications service providers a comprehensive product set for OSS service fulfillment – including provisioning, network inventory and activation. MetaSolv's standards-based solutions support all types of services including next-generation IMS, VoIP, IPTV, IP VPN, broadband and mobile services, as well as traditional voice and data services.

MetaSolv will hold a conference call to discuss this press release today at 5:00 p.m. Eastern time. Investors may listen to the conference call over the Internet at www.metasolv.com by clicking Investors, or by going to www.earnings.com. Please visit the web site at least 15 minutes early to register, download, and install any necessary audio software. A dial-in telephone replay of the conference call will be available from 8:00 p.m. ET on Monday, October 23, through Monday, October 30. The dial-in replay number is 303-590-3000, and the confirmation number is 11074589#.

"By adding a leading OSS application suite, Oracle plans to offer a fully integrated, end-to-end productized solution that will help service providers streamline the 'campaign to cash' process, optimize asset lifecycles, and accelerate time-to-market of new products and services," said Bhaskar Gorti, Oracle Senior Vice President and General Manager of the Communications Global Business Unit. "Conventional, customized solutions have proven inefficient, inflexible and costly. Oracle is putting service providers in control to simplify their infrastructure, deliver more services faster, and drive brand loyalty."

"This is an exciting chapter in our business' evolution for MetaSolv customers, partners, stockholders, and employees, "said T. Curtis Holmes Jr., MetaSolv's President and Chief Executive Officer. "The natural synergies between Oracle's and MetaSolv's premier product suites, coupled with Oracle's extensive research and development capacity, will enable us to further enhance our products and ensure our customers' continued success. We believe it will be a very beneficial business combination that will drive service delivery innovation and leadership in the industry."

After the closing of the transaction, MetaSolv's employees will join Oracle's Communications Global Business Unit.